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BoC Decision Day: What a Hold at 2.25% Means for Your Mortgage

  Published September 2, 2026 Tomorrow's date has been sitting at the bottom of every Canadian Money Brief for weeks, and it's finally here. The Bank of Canada announces its overnight rate decision on Wednesday, September 2 at 9:45 a.m. ET, with Governor Tiff Macklem holding a press conference at 10:30. Every economist polled by Reuters — all 35 of them — expects the same outcome: a hold at 2.25%, the eighth straight meeting without a move. That's the headline. The more useful question for your wallet is what a "boring" hold actually does — and doesn't do — to your mortgage, and why two of the Big Six banks think the boring streak is about to end. Why a hold is the almost-certain call The Bank has a genuinely awkward setup heading into this meeting. On one side, the economy just posted its best quarter in years: GDP grew at a 3.3% annualized pace in the second quarter, well ahead of the Bank's own 2.5% forecast, and July's jobs report added a blowout ...
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Hezbollah Attacks Israeli Military Sites with Rockets and Drones

 

Lebanon’s Hezbollah has escalated hostilities on Lebanon’s southern border by launching rockets and weaponized drones at nine Israeli military sites. This coordinated attack comes in retaliation for an Israeli strike that killed a senior Hezbollah field commander. The group fired volleys of Katyusha and Falaq rockets at six Israeli military locations, with more than 100 rockets fired simultaneously. Additionally, Hezbollah launched attack drones at Israel’s northern command, an intelligence headquarters, and a military barracks. This drone attack, involving at least 30 drones, marks the group’s largest to date in the ongoing conflict. Tensions between Hezbollah and Israel have intensified since the eruption of the Gaza war in October, with both sides trading fire. Thursday’s attack is a direct response to the killing of the Hezbollah commander and follows at least eight previous retaliatory attacks on Wednesday.


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